The New Zealand dollar has fallen nearly a full cent since the US data and is approaching the March low of 0.8193.
Beyond that, support is at the 200-day moving average, which sits at 0.8176 today. The kiwi and Australian dollar both look oversold in the short-term and are sitting on some decent support.
I talked about the potential for NZD weakness at the start of the month but, in truth, I despise this pair because the technicals send so many false signals.
One thing I don’t despise from New Zealand is this outstanding song.
